In 2023, inflation cooled from 40-year highs despite consumer spending and employment continuing to defy expectations. The question on everyone's minds is whether United States can continue to gain momentum over the next 12 to18 months given potential shifts in international prospects and U.S. policy. In his mid-year overview of the U.S. economy, Arjun Chakravarti will discuss why he believes unprecedented differences in U.S. consumers' sentiment and personal circumstances (consumer costs, job prospects and accrued wealth) can tell us whether we are looking at breakout growth, stagnation or prolonged inflation both for retail spend and the broader macroeconomy.